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How do you fill out the retain earnings table using the trial balance? ACRETE 01/01/2018 13/11/2012 BALANCE LASTEALANCE ADARSIMINTS MARSED TARALAN ERITGERT CEIT CH THIRI
How do you fill out the retain earnings table using the trial balance?
ACRETE 01/01/2018 13/11/2012 BALANCE LASTEALANCE ADARSIMINTS MARSED TARALAN ERITGERT CEIT CH THIRI CHINI NO LIS INCOME STATEMENT D1 CHIT ACCUINTE DET CHELT IC THE AT LE 10 RE 19 11 +L 1 11 BE Callige LE I TE 11 1 1 LO C STUS LLL + 1 ar TORA TOUT DELE TOLT OLE LYON LUG1L TECHLE INCOTERACE CAT 1 SHLLEGATE 11 LEUCH 4 G Dragan 111 30 1 20 ME WENN 3 Awesome Company Retained Earnings Statement 4 2 13 5 1 6 2 7 3 8 4 9 si 10 11 12 13 1410 15 16 17 9 10 18 spboard Formatting Font Alignment Number S: 28 X f INCOME DEBIT B D E F G H 01/01/2019 - 12/31/2019 TRIAL BALANCE UNADJUSTED BALANCE ADJUSTMENTS ACCOUNT ADJUSTED TRIAL BALANC ACCOUNT TYPE DEBIT CREDIT DEBIT CREDIT Cash DEBIT CREDIT ASSET $ $ 326,000 $ $ 420,000 $ Accounts Receivable 2,500 $ 746,000 $ ASSET 2,500 $ 450,000 $ Inventory $ 450,000 ASSET $ 575,000 $ Building Improvements $ 575,000 ASSET $ 650,000 $ Accumulated Depreciation Building Improvement 650.000 ASSET $ $ 65,000 $ 1 Machinery and Equipment 65,000 ASSET $ 216,000 $ $ 216,000 2 Acoumulated Depreciation Machinery and Equip ASSET $ $ $ 50 000 $ 50,000 13 Accounts Payable LIABILITY $ $ 230,000 $ 230,000 14 Interest Payable LIABILITY $ $ 2,000 $ 2,800 $ 4.800 15 Salaries and Wages Payable LIABILITY $ $ 60,000 $ 60,000 16 Sales Tax Payable LIABILITY $ $ 2,000 $ 2,000 17 Unearned Subscription Revenue LIABILITY $ $ $ 125,000$ 300,000 $ 125,000 $ 300,000 18 Lawsuit Liability LIABILITY $ $ $ 750,000 $ 750,000 19 Note Payable (PNC Bank LIABILITY $ $ $ 20,000 $ 20,000 20 Bonds Payable LIABILITY $ $ $ 100,000 $ 100,000 21 Preferred Stock 1,000 shares authorized $5 par v EQUITY $ $ 5,000 $ 5000 22 Common Stock-50,000 shares authorized, $1 par EQUITY $ $ 10,000 $ 10,000 23 Paid in Capital Stock Options EQUITY $ $ 24 Paid In Capital in Excess Of Par - Common Stock EQUITY $ 274,000 $ 250,000 $ 524,000 25 Paid-In Capital in Excess Of Par-Preferred Stock EQUITY $ $ 147,000 $ 147,000 26 Retained Earnings EQUITY $ $ 27 Sales Revenue REVENUE - SALES $ $ 1,670,000 $ 1.670.000 20 Subscription Revenue REVENUE SALES $ $ 500,000 125,000 $ 625.000 23 Cost of Goods Sold PENSE - COST OF GOODS SQ $ 433,000 $ $ 433 000 30 Salaries and Wages Expense EXPENSE.OPERATING $ 140,000 $ $ 60,000 $ 200.000 31 Compensation Expense EXPENSE - OPERATING $ $ $ 250,000 $ 250.000 32 Depreciation Expense EXPENSE - OPERATING $ 115,000 $ $ 115.000 33 Income Tax Expense EXPENSE INCOME TAXES $ 50,000 $ $ 50.000 34 Interest Expense EXPENSE. OTHER $ 1 $ 5.300 $ 5.300 35 Lawsuit Loss EXPENSE - OTHER $ $ 750,000 $ 750,000 Totals 3 56 2,956 000 5 2,955,000 $ 3 1.810,300 $ $ 16:10,300 4,565,300 $ 37 Net Income Totals 39 1. Adjusting Entries 2. Worksheet B. Income Statement 4. Retained Earnings Statement 5. Balance sheet - 4.565.300 6. Sta a Type here to search
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